SUPERMARKET INCOME REIT
Overview
Supermarket Income REIT (LSE: SUPR) acquires supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term RPI-linked income, from institutional grade tenants and the potential for capital growth through active asset management.
The Company focuses on grocery stores which are omnichannel, i.e. fulfilling both online and in-person sales. All of the Company’s are let to leading UK supermarket operators, diversified by both tenant and geography. Since the Company’s IPO on the London Stock Exchange in July 2017, the Investment Adviser has deployed over £1.2 billion of capital on behalf of the Group into a direct portfolio consisting of 41 supermarket sites and an indirect interest in a further 26 Sainsbury’s supermarkets through a joint venture with British Airways Pension Trustees Limited.
The Company provides investors with attractive, long-dated, secure, inflation-linked, growing income with the potential for capital appreciation over the longer term and targets a 7% to 10% p.a. total shareholder return over the medium term. The Company has increased its dividend target in line with UK RPI inflation each year.
Atrato Capital is the Company’s Investment Adviser.
Directors
- Nick Hewson (NE Chair) – co-founder, CEO & Chair of Grantchester Holdings plc, NED at Redrow plc.
- Vince Prior (Snr Ind Dir) – former Head of Property Investment at Sainsbury’s.
- Jon Austen (Chair of Audit Committee) – CFO at Audley Court Limited, NED of McKay Securities plc
- Frances Davis (Chair of ESG Committee)
- Cathryn Vanderspar (Chair of Renumeration Committee)
- NED’s: Sapna Shah, Roger Blundell, Vince Prior
- Ben Green (Principal Atrato Cap.) – completed £4 billion of supermarket sale & leaseback transactions at Barclays, Lloyds and Goldman Sachs
- Steve Windsor (Principal Atrato Cap.) – former partner at Goldman Sachs specialising in finance and risk management.
- Steven Noble (Atrato Cap.) – 9yrs at Lloyds. Negotiated and executed >£240m of Supermarket Property transactions.
- Natalie Markham (Atrato Cap.) – previously CFO at Macquarie Global Property Advisors Europe